German Dax for short Correction Selling Dax after breaking the neck line of the double top and retest Shortby Mohamed_Lewaa_CFTeUpdated 0
DAX H1 | Potential bullish bounceDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 19,308.79 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 19,222.00 which is a level that lies underneath an overlap support. Take profit is at 19,496.25 which is a multi-swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:06by FXCM0
Ger30 updateLols how i laugh when I see all my analysis moving accordingly 🤣 it makes me the happiest man in the world 🌎 Imagen everything you touch moving exactly the way you predicted am feeling generous n blessed 🙌🏽 look forward to reach the target.Longby mulaudzimpho2
2024-09-30 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax - Bulls closed one of the “weakest” months above the bull wedge and managed to keep the big bull gap open. Can’t be anything but bullish on that close if we don’t see a big bear surprise tomorrow. comment : If bears manage to stay below 19560, that would be really good. That is the breakout area from Friday we tested 3 times today. Not much more to say until I see tomorrow’s price action. It’s start of the month and after such a strong close, bulls need follow through. current market cycle: bull trend key levels: 19000 - 20000 bull case: Bulls want to stay above the 4h 20ema and keep the market in peak bubble mode. They want 20000 badly and if they melt again tomorrow, chances are good they get it. They should not let it drop below 19400, or the max bullish premise is over. In my weekly update I wrote 19500 but given the bullish close, I think 19400 is a better invalidation area. Invalidation is below 19400. bear case: Bears want a test of the daily 20ema and the lower bull channel trend line. Right now I doubt they can get it and I favor the bulls for an equally strong leg up like Thu + Fri. We had continued selling today but what did the bears achieve? Market closed the US session around last weeks close. Invalidation is above 19650. short term: Max bullish if we stay above 19470. Neutral if bulls can not get above 19570. medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this. current swing trade: None. trade of the day : Shorting Globex near the ath was the trade to make. Second best chance was around EU open and market could not close above the 15m 20ema until it stalled around 19500.Longby priceactiontds0
Weekly Technical AnalysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. NOTE: These charts use the ‘Pro Trading Tools’ available on the SpreadEx trading platform. To use them, log in to your SpreadEx Financials Account and click ‘Technical’ from the menu on any chart. *KEY Trend is set by the slope of the VWAP over 50 periods Phase is determined by the current price relative to the VWAP (20) level (above or below) Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). -------------------------------------------------------------------------------------------------------------------- Analysis Germany 40 Germany 40 continues its bullish momentum in an impulsive phase. The current price is 19,383, sitting comfortably above the VWAP (20) at 18,758. Support is located at 18,070, while resistance is slightly higher at 19,400. The RSI of 69 signals strong bullish momentum, approaching overbought conditions. UK 100 UK 100 remains neutral and is still in a consolidation phase. The price is 8,289, almost in line with the VWAP (20) at 8,272. Support is seen at 8,193, with resistance at 8,351. The RSI of 52 reflects balanced momentum, suggesting the market is waiting for a breakout in either direction. Wall Street Wall Street continues its bullish trend, still in an impulsive phase. The price is at 42,293, well above the VWAP (20) of 41,484. Support is at 40,280, while resistance lies at 42,687. The RSI of 68 indicates strong bullish momentum, nearing the overbought threshold. Brent Crude Brent Crude remains in a bearish trend, now experiencing an impulsive phase. The price is 71.70, slightly below the VWAP (20) of 72.00. Support is located at 69.54, with resistance at 74.97. An RSI of 42 reflects continued bearish momentum, with no immediate signs of a reversal. Gold Gold continues its bullish run, currently in an impulsive phase. The price is at 2,650, above the VWAP (20) of 2,590. Support is at 2,476, with resistance at 2,703. The RSI of 70 signals strong bullish momentum, indicating overbought conditions. EUR/USD EUR/USD remains in a bullish trend, still in an impulsive phase. The current price is 1.1198, just above the VWAP (20) at 1.1118. Support is found at 1.1007, while resistance lies at 1.1229. The RSI of 61 reflects solid bullish momentum. GBP/USD GBP/USD continues its bullish trend, staying in an impulsive phase. The price is 1.3412, comfortably above the VWAP (20) at 1.3238. Support is located at 1.2983, while resistance is at 1.3494. The RSI of 65 shows strong bullish momentum. USD/JPY USD/JPY remains in a bearish trend but has now entered a corrective phase. The price is 142.54, slightly below the VWAP (20) of 143.60. Support is located at 140.30, with resistance at 144.93. The RSI of 49 signals neutral momentum, suggesting potential consolidation or a reversal. by Spreadex0
DAX**DAX:** New all-time high at 19467.41. This week's forecast is for the price to rise.Longby SpinnakerFX_LTD0
30.9.24Going into the final quarter of the year price has has another week of positive gains. Fridays Core PCE Price Index which is also known as the Feds favourite gauge of inflation results came out as expected which is positive news. This coming week investors will be keeping there out of for signs of more rate cuts by the US jobs reports coming out and all Fed chair Jerome speech . US30: Monday to Wednesday price was continously reaching daily highs but still struggled to pass the previous weeks highs. Once lows were taken on Wednesday price found some more momentum to push higher. This coming week I will like to see price continue higher atleat just to 42654.00 as price action is still looking bullish. GER40: After reacting of an area of demand on Monday, price was slowly floating to the upside and found more momentum after price retraced into discount price on Wednesday then finally was able to reach the previous weeks high Thursday and had further momentum to the upside. I believe we may get to see price continue to push past 19500.4Longby S0202Trades1
Trading Options 30.9.2024There are two reasonable trade options (1 short and 1 long) both are today derived from daily and weekly Pivot levels and Session volume PoC. Option 1 has as premise the completion of double top pattern and is my favorite today. Option 1 becomes invalid as soon as new ATH is formed. Then option 2 is active.by MichiBTC20210
Will DE30 DAX Index Make a New High?When the DAX 4-hour chart is examined; It is observed that the price movements continue in an upward trend. As long as the index price does not break down from the 19050 level, it is evaluated that the price movements above the 19246 level may exceed the 19510 level and target the 19700 level.Longby profitake0
Ger30We looking for short term sells while looking for long term buys after the correction of sells to the downside as we are still inside the bullish structure|1H TIMEFRAMELongby officialpotego_fx6
#202440 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax: Perfect bullish outlook last week and we can’t be anything but bullish going into next week as well. 5 consecutive bull bars and Thu+Fri got bigger and closed almost at the high of the day. Market held above the 15m 20ema since Thursday EU open and this should be your guide for now. If we break below, 1h 20ema is the next support and below that I favor a more complex pullback with sideways to down movement. Until bears manage that, it’s max bullishness and the bubble will probably grow to 20000 before we can talk about busting again. Quote from last week: comment: Monday left no doubt where we were heading and my outlook was perfect. No one wanted to buy above 19000 and we traded 300 points down again. We are contracting inside the bull wedge and will see a breakout over the next 3 days. That can go either way so I will go neutral into next week. Both sides have reasonable arguments. I do favor the bulls slightly but need confirmation for that and this would only be above 19300/19400 and that is 600 points away. We are inside a trading range 17700 - 19000 for over 6 months now. That is as neutral as it gets. We are making higher highs but by how much? Couple of points and that’s absolutely normal inside trading ranges. And if you think “bUt YoU sAiD wE aRe iN a BuLl wEdGe”, yes. Might blow your brain out but markets can trade inside a multiple of patterns on different time frames and you have to prioritize them by the one starting on the highest tf and working yourself to the lowest tf you want to trade. comment: Big bull breakout on Friday and now the only question is, are we getting follow through and this breakout is for real or is it a bull trap? I do think both sides have reasonable arguments. Bulls have a very strong two legged move where leg 1 on the weekly chart was 11% and a measured move would bring us above 20000. Bears know that bullish breakouts above multiple bullish patterns are very rare and their chance of success small. I do favor the bulls slightly, since we left a big bull gap behind us and Friday closed at the very high. If bulls get follow through above 19500, this breakout is likely real, if we trade below 19200 again, it might go down to 19000 where the market will probably go more sideways before another impulse. current market cycle: bull trend key levels: 19000 - 20000 bull case: Bulls want this monthly September bar closing on it’s high and that would be a huge buy signal. Not many bears can hold long when we close above 19300, because it’s very possible that we see 20000 next. We are once again at a place where the pain trade is up and a blow off top a likely possibility. German GDP will likely be negativ this year, so let’s print the most absurd number the market can come up with. Market always goes where the most liquidity is and it’s obviously up, likely due to short squeezing. Invalidation is below 19000. bear case: Bears need to close this giant bull gap or more traders will trade this breakout as a runaway gap to 20000. If they manage to close it, they will likely need to fight more around 19000 until the daily ema comes closer and make the market go more sideways until the next impulse comes around. The more they can stall the market, the better for them. Bulls buying here is purely on momentum and once that fades, many want to secure the profits before the bubble pops. Invalidation is above 19550. outlook last week: short term: Neutral around 18720 but expecting bulls to come around and retest 19000. Could drop to 18500/18600 first though. Anything below 18500 would surprise me big time. → Last Sunday we traded 18720 and now we are at 19473. Absolute perfect bullish outlook and I hope you listend and took the longs. short term: Neutral until bulls break strongly above 19500 with follow through. Small chance bears show strength and trade below 19200 again but some form of pullback/sideways movement is expected. Favoring the bulls to close the month above 19200. medium-long term - Update from 2024-09-29 : 3 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Not so sure about 19000 being the high, since liquidity could see a bigger increase and upside could be higher. We will likely have another 10%+ correction this year and a possible year end rally. Update: Possibility of a blow-off top to 20000 is there. If we get there, it will be the short opportunity of the decade. current swing trade: None chart update: Removed potential two legged correction and added the big bull gap.Longby priceactiontds2
GER 40 Poised to Reach 19,300 - 19,450GER 40 Poised to Reach 19,300 - 19,450 The GER 40 has broken out from two strong resistance zones that previously halted its progress, indicating potential for further gains. This week, we’ve observed a general uptrend across most indices, with the GER 40 being a notable performer. After a prolonged period, the price tested the 18,900 zone and successfully broke through. This breakout has formed a bullish triangle pattern, suggesting further growth and the possibility of new all-time highs. It seems incredible, but indices are hitting record highs even as market discussions revolve around recession and other uncertainties. Given the current momentum, the GER 40 may easily reach the 19,300 - 19,450 range. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 7715
The price hit upper resist line in multy year up chanelThe price hit upper resist line in multy year up chanel....the chanel is since Dax has been createdShortby pederast4ence0
The price hit upper resist line in multy year up chanelThe price hit upper resist line in multy year up chanel....the chanel is since Dax has been createdShortby pederast4ence1
Trading options for 27.9.24There are three reasonable trade options (2 shorts and 1 long) both are today derived from daily and weekly Pivot levels. Option 1 is in case of bullish continuation. Option2 is interesting if Option1 is invertedby MichiBTC20210
DAX/GER - time for break outMy stop loss is at 19315 entry short position now at 19280-19267 target at 19208 target at 19087 NOTE: MUST have a stop loss currently, break the resistance hopefully good break outShortby ActiveTraderRoom5
DAX BullishLeader: -Dax Broke Previous 4 Year High, 1 Year High, 6 Months High, 3 Months High -The Previous 17 Year has been broken and hence expecting continuationLongby Jeremiah_Capital1
GER30 4HWait for the retest, and if the candle is confirmed, you can enter the buy trade.Longby Trading-House0
Wed 2024 09 25 - Short - DE40 8am H4 double color||| Stats ||| Stats Day: ** 08:00 H4 double color, - Short ** 09:30 VOLD ???, AD ???, Senti +18, Agio St ???, Lg ???, - Range ** 09:45 VOLD +1.4, AD +1.2, Senti -3, Agio St +0.05, Lg +0.05, - Range ** 16:15 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short Stats Week: ** DE PMI: - low, ** EU PMI: - low, ** US PMI: - low, ** Mon Morning rule - 2 day break out - up, ** Tue return to W1 trend and not a W1 trend change - pending, Stats Month: ** Sep turn - pending, Stats Year: ** US Election, ||| Trade Taken ||| Trade Taken: ** Time frame: * H4 ** Time: * 08am, Set-Up: ** Trigger for trade: * 8am H4 double color Short, * Senti +61, * m45 close outside m45 BB Risk Reward: ** Risk: * Initial Turn, ** Target: * R 1:1, Shortby ErPatUpdated 1
DAX Buy SetupHi everyone. As we have BOS in 1H TF and even an opening market gap, So I think for the next pullback we'll come to this area to fill the gap and also touch the demand zone and then go up again. That's what I think about DAX. Let's see what happens...GLongby NavidNazarian0
DAX time to short at 19092-19086Team, DAX is price at 18047, We will short at 19092-19086 - STOP LOSS AT 19155 target 1 at 19050 target 2 at 19005 target 3 at 18960 target 3 at 18926 Once it hit first target at 19050 bring stop loss down to 19105 once it reach target 2 at 19005, bring stop loss to BEShortby ActiveTraderRoom4
Trading options for 26.9.2024Tomorrow there are two reasonable trade options (1 shorts and 1 long) both are dervied from the triangle formed within today and are inline with the derived from support & resistance areas. For details see text boxes in the chart. I prefer option 2 Notes: green and red boxes dervied from last movement volume areas, Pivot levels and Fib levels. yellow boxes are derived from higher TF MAsby MichiBTC20210
Short therm shortIm looking short therm short to fill this bottom W with some move maybe stoped by trendline, trend line woudl be first stopShortby lubosb901